Deductions Flexible Spending Account Out of Pocket Cost Voluntary Benefits 
InterWest Insurance Services
SEPTEMBER 27, 2023
Employees have a right to understand the costs they’ll be facing in each plan, including: Their share of the premium, Their deductible, Their copays or coinsurance, and Other out-of-pocket expenses. Typically, the higher the premium on a plan, the lower the employee’s out-of-pocket costs are.
Higginbotham
JANUARY 27, 2023
You can choose to pay all or part of the premium, and you can even offer some benefits, like pet insurance , on a voluntary basis so it’s available at an affordable group rate for employees to purchase if they are interested. Voluntary benefits can be offered with little to no out-of-pocket expense to the employer.
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